Wipro's Rishad Premji feels next decade will be the age of AI, says working on Artificial Intelligence for two years | Mint
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Business News/ Markets / Stock Markets/  Wipro's Rishad Premji feels next decade will be the age of AI, says working on Artificial Intelligence for two years
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Wipro's Rishad Premji feels next decade will be the age of AI, says working on Artificial Intelligence for two years

For two years now, Wipro’s Generative AI Center of Excellence has conducted research with leading academic institutions, built accelerators and solutions, frameworks like WeGA, developed competency through the Wipro AI Academy, and executed key pilot programs for clients, Premji said.

The next decade will be the age of AI, believes Rishad Premji, (Mint)Premium
The next decade will be the age of AI, believes Rishad Premji, (Mint)

IT services major Wipro has been investing in artificial intelligence (AI) for two years, its Chairman revealed in its recent annual report, saying that the company had been working on developing language models through its research program with various academic institutions.

“The next decade, we believe, will be the age of AI. We have been investing ahead of the curve to understand AI and leverage its power inside Wipro, and to create solutions for our clients," Rishad Premji, Chairman, Wipro said in a letter to stakeholders.

He recognised the recent developments in generative AI while highlighting that OpenAI's ChatGPT and Dall-E brought discussions about the use of generative AI into the public domain.

Also Read: Wipro’s 12,000 crore share buyback to open on June 22

“For two years now, Wipro’s Generative AI Center of Excellence has conducted research with leading academic institutions, built accelerators and solutions, frameworks like WeGA (Wipro Enterprise Generative AI), developed competency through the Wipro AI Academy, and executed key pilot programs for our clients," Premji said.

The company’s AI practice has created several cross-industry solutions, including text summarization and literature mining to synthesize large amounts of enterprise data, automated code conversion from legacy to modern languages, and built marketing accelerators that generate product descriptions and enhance search optimization.

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“FY23 was a pivotal year for technology, with artificial intelligence taking a quantum leap. While we have been long familiar with AI-powered products (think predictive text, digital personal assistants, chat bots), OpenAI’s ChatGPT and Dall-E brought discussions about the use of generative AI emphatically into the public domain," the Chairman said.

Moreover, according to Wipro’s MD & CEO Thierry Delaporte, the company has scaled its AI Center of Excellence, partnered with several leading GenAI providers and academia for research and development, and invested in AI pilots to build its own foundational models.

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Published: 20 Jun 2023, 01:51 PM IST
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